. Military Space News .




.
ENERGY TECH
Iraq oil exports in September lowest in seven months
by Staff Writers
Baghdad (AFP) Oct 20, 2011


Iraq's oil exports and income in September were the lowest since February as pumping along the Ceyhan pipeline to Turkey dropped off due to multiple stoppages, figures published on Thursday showed.

The country exported a total of 63.1 million barrels of oil last month at an average price of $104.90, bringing in total income of $6.619 billion (4.819 billion euros), according to figures published on the oil ministry website.

Both the export and income figures were the lowest since February, mostly due to a substantial decline in exports along the pipeline connecting northern Iraq to the Turkish port of Ceyhan in September to 10.1 million barrels, down from 14.3 million barrels in August.

"Exports on the Ceyhan pipeline were lower in September because of a couple of stoppages and attacks targeting the pipeline last month," ministry spokesman Assem Jihad said.

The pipeline transports an average of 450,000 to 500,000 barrels of crude oil per day to Ceyhan.

Iraq depends on oil sales for the lion's share of government income, and had averaged daily exports of 2.19 million barrels per day (bpd) in the first eight months of the year. In September, that fell to 2.10 million bpd.

In February, Iraq approved a national budget that was based on oil prices of $76.50 per barrel and average exports of 2.2 million bpd. Partly as a result of higher oil prices, Iraq's cabinet has targeted a 36 percent boost to public spending, in a budget proposal outlined last month.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries






.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Gulf states embark on oil refinery drive
Baghdad (UPI) Oct 19, 2011
Iraq is driving to build new oil refineries to increase capacity by 740,000 barrels per day as its postwar economy swells, part of a multibillion-dollar program under way across the Persian Gulf region. The Organization of Arab Petroleum Exporting Countries reported in June that Arab countries' refining capacity is expected to increase by 5 million bpd to 12.4 million in the next three ... read more


ENERGY TECH
Aerostat system detects cruise missiles and supports engagement

Raytheon Successfully Test Fires First New-Build Patriot Missile

NATO missile shield 'not targeted at anyone': Spain

THAAD Weapon System Achieves Intercept of Two Targets at Pacific Missile Range Facility

ENERGY TECH
U.S. aid to help find Libyan missiles

Philippines unfazed by Taiwan Spratlys missile plan

El-Op tunes C-Music to protect airliners

US team seeking missing missiles in Libya

ENERGY TECH
Computer virus did not target US drone fleet: general

US Army to fly 'kamikaze' drones

Raytheon Aims to Integrate STM on Light-Attack Aircraft

Miscommunication caused US drone deaths: report

ENERGY TECH
First MEADS Battle Manager Begins Integration Testing in the United States

Elbit Establishes Israeli MOD Comms Equipment Supply Upgrade and Maintenance Project

Boeing FAB-T Demonstrates High-Data-Rate Communications with AEHF Satellite Test Terminal

NRL TacSat-4 Launches to Augment Communications Needs

ENERGY TECH
First shipboard integration of a true dual-band radar suite

Raytheon Awarded contract for Lightweight Torpedoes

Lockheed Martin Delivers First F-35 Weapons Load Training System to Eglin AFB

Lockheed Martin Completes Meads Intra-Fire Unit Communications Hardware Ahead of Schedule

ENERGY TECH
British minister's link to friend was security risk: inquiry

US ties Bahrain arms sale to abuse probe

France 'near closing Emirates Rafale deal'

Petraeus denies imposing military view on CIA analysts

ENERGY TECH
Leaders aim to expand 'influence' of Chinese culture

Obama national security aide to visit China, India

Walker's World: France's next leader?

China's Communist Party meets before leadership change

ENERGY TECH
Boeing and BAE Systems to Develop Integrated Directed Energy Weapon for US Navy


.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement